With GBPUSD nearing its 60% retracement, it can be said that the bulls may possibly ride a strong uptrend next week. On the other hand, we may find resistance at the 61% retracement level and find ourselves in the midst of a good short position. Please refer to the 4H chart above for further details in regards to entries and targets. Have a great weekend!
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.